Ensign Energy Services (ESI) Lowered to “In-Line” at Evercore ISI
Ensign Energy Services (TSE:ESI) was downgraded by research analysts at Evercore ISI from an “outperform” rating to an “in-line” rating in a research note issued to investors on Tuesday, Stock Target Advisor reports. They currently have a C$6.00 target price on the stock, down from their prior target price of C$7.00. Evercore ISI’s price objective indicates a potential upside of 9.89% from the company’s current price.
A number of other analysts have also weighed in on ESI. Canaccord Genuity lowered their price objective on shares of Ensign Energy Services from C$6.50 to C$6.00 in a research note on Tuesday, July 10th. GMP Securities raised shares of Ensign Energy Services from a “reduce” rating to a “hold” rating and upped their price objective for the stock from C$5.00 to C$5.75 in a research note on Wednesday, August 8th. BMO Capital Markets lowered their price objective on shares of Ensign Energy Services from C$7.50 to C$6.50 and set a “market perform” rating for the company in a research note on Wednesday, August 8th. Evercore lowered shares of Ensign Energy Services from an “outperform” rating to an “in-line” rating and lowered their price objective for the stock from C$7.00 to C$6.00 in a research note on Tuesday. Finally, CIBC lowered their price objective on shares of Ensign Energy Services from C$9.50 to C$8.50 in a research note on Tuesday. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of C$6.94.
Shares of TSE ESI traded down C$0.16 during mid-day trading on Tuesday, reaching C$5.46. The company had a trading volume of 88,324 shares, compared to its average volume of 243,715. Ensign Energy Services has a 52 week low of C$5.29 and a 52 week high of C$7.83.
In other news, Director Roger Lace purchased 5,500 shares of the firm’s stock in a transaction on Thursday, October 11th. The stock was acquired at an average cost of C$5.81 per share, with a total value of C$31,955.00.
About Ensign Energy Services
Ensign Energy Services Inc, together with its subsidiaries, provides oilfield services in Canada, the United States, and internationally. The company offers shallow, intermediate, and deep well drilling, as well as specialized drilling services, including horizontal, underbalanced, horizontal re-entry, and slant drilling for steam assisted gravity drainage applications; and coring and oil sands drilling services to the mining, and oil and natural gas industries.
Featured Article: What strategies should day traders use to execute a trade?
Receive News & Ratings for Ensign Energy Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ensign Energy Services and related companies with MarketBeat.com's FREE daily email newsletter.